debt
confidence high
sentiment neutral
materiality 0.65
Matador Resources closes $750M 6.000% notes due 2034; tenders $419.7M of 6.875% notes due 2028
Matador Resources Co
- Issued $750M aggregate principal of 6.000% Senior Notes due April 15, 2034; net proceeds ~$737.2M.
- Tender offer expired March 4, 2026; $419.7M (84%) of $500M 6.875% notes due 2028 validly tendered and accepted.
- Remaining 6.875% notes to be redeemed on April 15, 2026, per indenture optional redemption right.
- Interest on new notes payable semiannually Apr 15/Oct 15, first payment Oct 15, 2026; unsecured senior guarantees.
- New notes issued under indenture with covenants; redeemable at 106% prior to Apr 2029 from equity proceeds or make-whole.
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